Taking everything into account, MCBS scores 4 out of 10 in our technical rating. In the past year, MCBS was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 64% of all other stocks performed better in the past year than MCBS.
- MCBS is one of the lesser performing stocks in the Banks industry. 85% of 383 stocks in the same industry do better.
- In the last month MCBS has a been trading in the 26.15 - 28.92 range, which is quite wide. It is currently trading near the high of this range.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- MCBS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MCBS is lagging the market.
MCBS has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
25.08
We found 4 important support areas.
- A support zone ranging from 28.55 to 28.59. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 26.95 to 27.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.03 from a trend line in the weekly time frame.
- A support zone ranging from 25.33 to 25.33. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 30.18 to 30.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for MCBS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MCBS is neutral. |
| ChartMill Relative Strength | 36.93 | NEUTRAL | MCBS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MCBS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MCBS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MCBS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.2 | NEUTRAL | The RSI value for MCBS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests MCBS has a positive trend. |
| Stochastics (14,3) | 81.34 | OVERBOUGHT | The high Stochastics value suggests MCBS may be overbought. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for MCBS suggests low volalility. |
| Average Directional Index/ADX (14) | 18.93 | NEGATIVE | The low ADX value for MCBS suggests a weak or negative trend. |
28.62
+0.14 (+0.49%)
METROCITY BANKSHARES INC / MCBS FAQ
What is the ChartMill technical rating of METROCITY BANKSHARES INC (MCBS) stock?
ChartMill assigns a technical rating of 4 / 10 to MCBS.
What is the current trend direction of METROCITY BANKSHARES INC (MCBS) stock?
The current trend direction for METROCITY BANKSHARES INC (MCBS) is Bearish.
What is the RSI signal for MCBS stock?
METROCITY BANKSHARES INC (MCBS) has an RSI value of 64.1991. This indicates that the stock is currently neutral.
Can you provide the short term momentum for METROCITY BANKSHARES INC?
The short term momentum for METROCITY BANKSHARES INC (MCBS) is neutral.
Can you provide the support and resistance levels for METROCITY BANKSHARES INC?
METROCITY BANKSHARES INC (MCBS) has a support level at 28.59 and a resistance level at 30.18. Check the full technical report for our detailed analysis of MCBS support and resistance levels.